EURCAD

The exchange rate of the euro to the Canadian dollar on Forex

EURCAD, a trading instrument comprised of the euro and the Canadian dollar, is characterized as a relatively calm pair traded in a small range. The behavior of the pair is infuenced by the interaction of major Eurozone countries (Germany, France, Italy) and industrialized Canada. Quality analysis of EURCAD requires knowledge of all the fundamental factors that, to a greater or lesser extent, influence the movement of this cross rate.
The monetary policy of the European Union, increase or decrease in interest rates, changes in world prices for raw materials, data on trade balance, GDP, unemployment and employment in the EU countries and in Canada are reflected in the growth or decline in the quotes of this trading instrument. In addition, the analysis should take into account the macroeconomic indicators of the United States and Japan - the main trading partners of Canada.
It is worth noting that EURCAD trade is most effective when using technical analysis tools. The average daily movement of a pair, reaching 120-200 points, allows the implementation of a variety of trading strategies with due account to the requirements of money management and risk management systems.
The current cross-rate of the euro to the Canadian dollar is shown below in the EUR/CAD quotations chart.

Risk warning: Trading in FX and CFDs entails high risk of losing capital.

Sell

Buy

Mood

1-day change

1.48182

1.48158

N/A

Buy

-0.0148(-0.99%)

The rate of EURCAD (EURCAD) currency pair for today is $1.48182. The highest cost of EURCAD (EURCAD) for today was $1.4986, the lowest rate was $1.4829. The opening price: $1.4986. The quotes chart of EURCAD (EURCAD) currency pair in real time is presented below.

Risk Warning: Trading on financial markets carries risks. Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved and taking into account your investment objectives and level of experience. Click here for our full Risk Disclosure.